Yesterday was all about 5558 in ES. After a drop to 5512 support, bulls needed to reclaim 5558 for upside. That level was tested twice before a sell-off, but once it cleared at 8:30 PM, buyers stepped in, pushing the market +20 points higher.
As of now:
• 5598, 5615 are the next upside levels as long as 5558 (now weaker) holds
• A break below 5558 opens the door for a drop to 5548, then 5533
As of now:
• 5598, 5615 are the next upside levels as long as 5558 (now weaker) holds
• A break below 5558 opens the door for a drop to 5548, then 5533
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.